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Investors need to check out of Airbnb

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam • 4 min read
Investors need to check out of Airbnb
Airbnb's value doubled on its opening day last month. At US$100b, it is worth more than the Hilton, Marriot and Hyatt combined.
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The Hilton Singapore is a majestic hotel on Orchard Road. It is perfectly placed within a short walk from Ion Orchard and Takashimaya.

When the hotel opened its doors in 1970, it stood out for its luxury. The plates were made of porcelain. The cutlery was silver. Each floor was carpeted. In those days, most Singapore hotels were like army barracks.

The Hilton Singapore did not mark its 50th anniversary with much fanfare. The Hilton Group, which has 95 luxury hotels in 29 countries, has suffered its worst-ever slump in revenue. Even the Great Depression was kinder to the group.

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